MAT Stock Summary and Trading Ideas (Mattel | NASDAQ:MAT)

Mattel markets toy products that are sold to its wholesale customers and direct to retail consumers. The company offers products for children and families, including toys for infants and preschoolers, girls and boys, youth electronics, hand-held and other games, puzzles, educational toys, media-driven products, and plush and fashion-related toys. Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas & Friends, and American Girl. In addition, it currently manufactures toy products for its segments both internally and externally (through manufacturing partners). More than 50% of its net sales are generated from North America, with the remainder stemming from international markets.

Mattel trades on the NASDAQ stock market under the symbol MAT.

As of April 18, 2024, MAT stock price climbed to $18.17 with 3,292,728 million shares trading.

MAT has a beta of 0.88, meaning it tends to be less sensitive to market movements. MAT has a correlation of 0.18 to the broad based SPY ETF.

MAT has a market cap of $6.25 billion. This is considered a Mid Cap stock.

Last quarter Mattel reported $2 billion in Revenue and $.29 earnings per share. This fell short of revenue expectation by $-39 million and missed earnings estimates by -$.03.

In the last 3 years, MAT stock traded as high as $26.99 and as low as $15.36.

The top ETF exchange traded funds that MAT belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

MAT has underperformed the market in the last year with a price return of +3.4% while the SPY ETF gained +22.3%. MAT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.4% and -6.2%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

MAT support price is $17.82 and resistance is $18.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAT stock will trade within this expected range on the day.